Hongkongers to MPF: we want higher-risk, higher-return investment options to boost our retirement savings

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The story "Hongkongers to MPF: we want higher-risk, higher-return investment options to boost our retirement savings" was covered 2 weeks ago by SCMP, a news publisher based in Hong Kong.

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Hongkongers to MPF: we want higher-risk, higher-return investment options to boost our retirement savings - SCMP

Quick Summary:

Locals want to invest their pension contributions in sustainable-development funds and high-yield infrastructure funds as they pursue a goal of HK$7.6 million (US$975,000) in retirement savings, Hong Kong Investment Funds Association (HKIFA) survey finds.

As such, most respondents do not rely on the MPF, allocating only 15 per cent of their retirement savings to it, behind bank deposits at 25 per cent and stock investments and insurance at 18 per cent each.

The MPF on average has HK$232,880 for each of its 4.7 million members, based on assets of HK$1.09 trillion at the end of September, according to data provided by research firm MPF Ratings.